$1.45 billion for Seequent, a Kiwi company 'no one has ever heard of' 12 Mar, 2021 04:47 AM 4 minutes to read Silicon Valley private equity firm Accel-KKR and New Zealand's Pencarrow are in for a big payday after agreeing to sell their stakes in Christchurch-based geoscience software company Seequent to Nasdaq-listed Bentley Systems for US$1.05 billion ($1.45b). Bentley, a US-based infrastructure engineering software company, said the acquisition would add about 10 per cent to its revenue and earnings before interest, tax, depreciation and amortisation, and that it was expected to be "measurably accretive" for its organic growth rate. Read More "Most significantly, the combination will deepen the potential ... to help understand and mitigate environmental risks, advancing resilience and sustainability," it said. Bentley's revenue last year came to US$801.5m.